Libra: Cryptocurrency By Facebook
- Cryptocurrencies

Libra: Cryptocurrency By Facebook (In 5 Minutes)

On June 18, 2019, Facebook announced its blockchain initiative, which is called Libra. This caused a great stir in the community and the world. On the positive side, people are really excited that Facebook will bring Blockchain to its enormous user base, estimated at around one or two billion people.

On the downside, the blockchain community values privacy and transparency; these values make us immediately get associated with Facebook. A question arises here: Is libra the worst thing to happen to Facebook or the best?

Today we are going to rock through the entire ecosystem and make decisions for ourselves.

Firstly, we will rock through the historical context and overall structure of the entire libra ecosystem in a non-technical and portable way. The take a technical deep dive into certain phases of the network, for example:

  • The libra BFT consensus mechanism
  • The validator structure and
  • Move language; it’s a new programming language proposed by the libra team.

The libra team, like a trail, installed and run the libra testnets on the computers for their documentation.

The libra material has a higher plan core directly and responsively to make a transaction easier and convenient.

Our team from winbtc.net has developed an informative and interesting infographic on Libra, a virtual coin.

Libra: Cryptocurrency By Facebook (In 5 Minutes)

Libra: Cryptocurrency By Facebook (In 5 Minutes)

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